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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Giordano on BNN
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Teck is one of his top picks and feels any acquisition will be under $500M.

I suppose it is only his opinion, because Teck wouldn't have said that but he didn't elaborate on why he thought so.

We can always fall back on the words of Teck Resources who wrote to me and said: We wouldn't consider our decisions to exercise our back in rights on our exploration ventures as acquisitions.

I'm not sure how they would consider a buyout combined with a back-in, or even how they would classify it if they bought 100% of Schaft Creek and the BC claims.

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